Citi Remains a Buy on Nick Scali Limited (NCK)
In a report released today, Sam Teeger from Citi maintained a Buy rating on Nick Scali Limited (NCK – Research Report), with a price target of A$20.64. The company's shares closed last Friday at A$18.11.
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Teeger covers the Consumer Cyclical sector, focusing on stocks such as Collins Foods , ARB Corporation , and Breville Group . According to TipRanks, Teeger has an average return of 2.8% and a 43.18% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nick Scali Limited with a A$18.64 average price target.
Based on Nick Scali Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$251.07 million and a net profit of A$30.04 million. In comparison, last year the company earned a revenue of A$226.63 million and had a net profit of A$43.01 million
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